Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Hong Kong SAR - 2023
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Hong Kong SAR (CIF) - 2022
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Hong Kong SAR (FOB) - 2022
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Hong Kong SAR
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Hong Kong SAR
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $14,810 per ton, reducing by -60.9% against the previous year. Overall, the import price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of 343%. As a result, import price attained the peak level of $37,835 per ton, and then shrank remarkably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($116,990 per ton), while the price for Macao SAR ($2,702 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $7,800 per ton, picking up by 14% against the previous year. In general, the export price posted a tangible expansion. The growth pace was the most rapid in 2021 when the average export price increased by 137% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($15,190 per ton), while the average price for exports to China ($7,023 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of paints and varnishes, based on polyesters, non-aqueous medium, which decreased by -72.9% to 189 tons in 2022. Overall, imports faced a precipitous setback. The smallest decline of -57.3% was in 2020.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium contracted significantly to $2.8M in 2022. Over the period under review, imports faced a precipitous slump. The smallest decline of -9.6% was in 2020.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 15.1 | 22.4 | 23.7 | 1.5 | -53.7% |
| United States | 1.3 | 1.0 | 0.8 | 0.6 | -22.7% |
| Italy | 0.9 | 0.1 | 0.2 | 0.2 | -39.4% |
| Malaysia | 0.2 | 0.4 | 0.2 | 0.2 | 0.0% |
| Taiwan (Chinese) | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| China | 14.2 | 5.1 | 1.1 | 0.1 | -80.8% |
| Macao SAR | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 1.0 | 0.4 | 0.2 | 0.1 | -53.6% |
| Total | 32.8 | 29.7 | 26.5 | 2.8 | -56.0% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Hong Kong SAR in 2022:
- United States (65.4 tons)
- Malaysia (49.4 tons)
- Macao SAR (22.3 tons)
- China (14.4 tons)
- Japan (12.8 tons)
- Taiwan (Chinese) (10.7 tons)
- Italy (7.9 tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Hong Kong SAR
In 2022, shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium increased by 1.9% to 155 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a precipitous curtailment.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium skyrocketed to $1.2M in 2022. In general, exports, however, showed a dramatic decrease.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 793 | 715 | 750 | 882 | 3.6% |
| Macao SAR | 228 | 49.7 | 79.0 | 192 | -5.6% |
| Vietnam | 104 | 165 | 99.0 | 136 | 9.4% |
| Latvia | 122 | 161 | N/A | N/A | 32.0% |
| Russia | 115 | 69.5 | N/A | N/A | -39.6% |
| Ecuador | 89.6 | 79.0 | N/A | N/A | -11.8% |
| Cambodia | 95.6 | N/A | N/A | N/A | 0% |
| Oman | 44.0 | 81.3 | 91.2 | N/A | 44.0% |
| Brazil | 411 | 441 | N/A | N/A | 7.3% |
| Others | 459 | 54.3 | 22.8 | N/A | -77.7% |
| Total | 2,461 | 1,816 | 1,042 | 1,210 | -21.1% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Hong Kong SAR in 2022:
- China (125.5 tons)
- Vietnam (16.9 tons)
- Macao SAR (12.6 tons)
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